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Attractive returns
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
165+
YEARS OF EXCELLENCE
3.8+ Cr.
ACTIVE CUSTOMER BASE
1300+
BRANCHES ACROSS INDIA
₹3.9 Lakh Cr.
AUM AS OF JUNE, 2023
Features & Benefits of
Personal Loan
No Collateral Needed
Get a loan without requiring any collateral or security and with minimal documentation.
Predictable Monthly Payments
Enjoy fixed interest rates and predictable monthly payments that help you plan your budget and finances accordingly.
Quick Disbursal
Get the loan amount quickly, usually within 24 hours of approval, making it ideal for emergencies.
Flexible Repayment Tenure
Enjoy flexible repayment tenure options, ranging up to 7 years, allowing you to choose a repayment plan that suits your financial situation and needs.
Increase Eligibility
Combine your income with that of a co-applicant to increase your eligibility and secure a higher loan amount.
Apply For Personal Loan Online In 5 Easy Steps
STEP
01
Determine your needs
STEP
02
Check loan eligibility
STEP
03
Calculate monthly installment
STEP
04
Submit the documents
STEP
05
Apply for a loan
Features of Our Personal Loan
Long Term Personal Loan
Attractive interest rates, flexible terms, and a seamless application process. Your path to achieving your financial goals begins here.
Flexi Loan
Get an instant line of credit with Aditya Birla Capital Flexi Loan and pay interest only on the amount borrowed.
Quick and easy Personal loans for all your goals
Eligibility Criteria for Personal Loan
Documents Needed
- Proof of identity and address Passport / Aadhaar Card / Voter's ID / Driving License / Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
- Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
- Bank statement where income is credited Last 6 months
- Proof of other incomeLast 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16
Disclaimer - All loans will be at the sole discretion of Our Digital Lending Partners.
Eligibility Criteria
Nationality
Age
CIBIL Score
Employment
Indian citizen
21 years to 60 years*
750 or higher
Salaried
* Higher age limit is applicable at the time of loan maturity.
Note - This is an indicative list that may change based on your actual loan application.
Personal Loan Fees and Charges
| Personal Loan Fees & Charges | |
|---|---|
| Indicative range of Rate of Interest |
10% p.a. to 28% p.a.
Note: ‘Broken Period Interest’ shall be charged and collected, wherever applicable |
| PENAL CHARGES | |
| Particulars of Charges | Details |
| Penal charges (charges levied for non-payment of dues) | 3% p.m. (36% p.a.) on the overdue amount for the delayed period |
| Penal charges for non-compliance with material terms and conditions (covenants / stipulated conditions) mentioned in the Sanction Letter / Loan Agreement, wherever applicable | 2% p.a. on the outstanding loan amount till the date of compliance |
| Cheque return/bounce charges / ECS/SI/NACH failure charges | Up to Rs. 1,000/- per instance and per agreed repayment cycle |
| Mandate cancellation charges (one time charge levied in case customer cancels an active mandate instruction for recurring repayment(s) and no new mandate is registered) | Rs. 450 per instance |
| OTHER CHARGES | |
| Particulars of Charges | Details |
| Processing Fees | Up to 4% of the Loan Sanctioned Amount |
| Part Pre-payment charges |
Up to 7% of the Part Payment amount if done within 13 months
from the date of disbursal, up to 6% of the Part Payment amount
if done from 13 to 25 months from the date of disbursal &
up to 5% of the Part Payment amount post 25 months.
For Dropline Credit & Flexi Dropline Credit Facility – (A) No charges for payments through mobile app/portal. (B) Part pre-payment of loan facility towards limit reduction is not available. Conditions: (A) Maximum cumulative part prepayments of up to 20% of the principal outstanding during a year shall be permitted, calculated on a per-transaction basis. (B) This charge will be applicable only for fixed rate loans. |
| Foreclosure charges |
Up to 7% of the Principal Outstanding/Withdrawable amount if
done within 13 months from the date of disbursal, up to 6% of
the Principal Outstanding/Withdrawable amount if done from
13 to 25 months from the date of disbursal & up to 5% of
the Principal Outstanding/Withdrawable amount post 25 months.
Condition: This charge will be applicable only for fixed rate loans. Principal Outstanding is applicable to: Term Loan & Flexi Personal Loan Facility. Withdrawable limit is applicable to: Dropline Credit & Flexi Dropline Credit. |
| Non-Utilization Charges |
For Dropline Credit & Flexi Dropline Credit Facility only:
Charge of 0.25% per month (3% p.a.) on the non-utilized Dropline Credit Facility (Total Withdrawable Limit minus Average Monthly Utilized Amount); applicable where average monthly utilization is ≤25%. |
| Loan Cancellation Charges |
Cancellation allowed within 7 days from the date of disbursal
subject to following charges (plus additional taxes wherever applicable):
1. The applicable processing fee to be retained before reversing the funds. 2. For any cross-sell product, including third-party product fees, the charges should be retained before reversing any funds. Only insurance-related charges will be reversed if the customer has made an upfront payment, provided the associated policy is cancelled and the corresponding refund amount is received by ABCL. 3. Rs. 2000 charge of cancellation to be paid by the customer. Post cooling off period Foreclosure charges are applicable. |
| Statement of Account/ Repayment Schedule/ any other document/statement | For Physical copy, Rs. 500 per request |
| Duplicate No Due Certificate Issuance Charges/ No-Objection Certificate Issuance Charges | Rs. 1000 per instance |
| Charge For Exchanging PDCs, Security Cheques (Per Set) / ECS / NACH re-registration charges | Rs. 750 per instance |
| EMI cycle change date |
Rs. 750 per instance
Note: Interest accrued (from original EMI date to revised EMI date), if any, on account of EMI date change interest shall be applicable and payable upfront over and above the EMI change date charges. |
| Loan Re-Schedulement charges (on request from applicants, approval to be at sole discretion of ABCL) | Rs. 5,000 per instance |
| Cheque Re-Issuance charges | Rs. 500 per instance |
| Annual Maintenance Charges |
For Dropline Credit & Flexi Dropline Credit Facility only:
0.25% on total withdrawable amount deducted at the beginning of the each year, irrespective of utilization on the date of levy of such charges. |
| Principle Holiday Fee |
For Flexi Personal Loan & Flexi Dropline Credit Facility:
₹1,999 for loan amounts between ₹1,00,000 and ₹3,00,000 ₹2,999 for loan amounts between ₹3,00,001 and ₹6,00,000 ₹3,999 for loan amounts between ₹6,00,001 and ₹9,00,000 ₹5,999 for loan amounts between ₹9,00,001 and ₹12,00,000 ₹7,999 for loan amounts between ₹12,00,001 and ₹15,00,000 ₹9,999 for loan amounts between ₹15,00,001 and ₹18,00,000 ₹11,999 for loan amounts between ₹18,00,001 and ₹21,00,000 ₹14,999 for loan amounts greater than ₹21,00,000 will be deducted upfront from the loan amount. |
| Stamp Duty | As per actuals |
| Legal and other statutory charges | As per actuals |
| Filing Financial information with Information Utility (NeSL) | As per actuals |
| Note: GST at applicable rates, shall be levied as per the prevailing law for Banking & Financial services sector including NBFC. | |
ABC Of Calculators
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*Explore All Personal Loan Options
Find the right personal loan for every financial needInstant Personal Loan
INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Loans by Amount
PERSONAL LOAN OF RS.50000
PERSONAL LOAN OF RS. 60000
PERSONAL LOAN OF RS. 1 LAKH
PERSONAL LOAN OF RS. 2 LAKH
PERSONAL LOAN OF RS. 3 LAKH
PERSONAL LOAN OF RS. 4 LAKH
PERSONAL LOAN OF RS. 5 LAKH
PERSONAL LOAN OF RS. 10 LAKH
PERSONAL LOAN OF RS. 15 LAKH
PERSONAL LOAN OF RS. 20 LAKH
PERSONAL LOAN OF RS. 25 LAKH
Loans by Profession
LOAN FOR SALARIED
LOAN FOR SELF EMPLOYED
LOAN FOR GOVERNMENT EMPLOYEES
LOAN FOR DOCTORS
LOAN FOR TEACHERS
LOAN FOR CA
LOAN FOR ENGINEERS
Customer Satisfaction Stories
Mr. Hiralkumar Ashokbhai Patel
Aditya Birla Finance Customer
1 Jan 1
Mr. Pramod Kumar Saini
Aditya Birla Finance Customer
1 Jan 1
Mrs. Snehal Rajpure
Aditya Birla Finance Customer
1 Jan 1
Different financial needs, different loans,
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
-
Range of loan options for different needs -
Quick sanctions and disbursals
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Loan Against Property
Pledge property, access funds
- High LTV ratio for loans
- Low interest rates, easy repayments
Balance Transfer
Lower rates, affordable repay
-
Reduced Interest Rates
-
Lower Monthly Payments
Our Other Personal Finance Product
Flexi Loan
Withdraw funds as needed, repay when you can, and pay interest only on the utilised amount.
Know MoreABC Of Personal Finance
Our Digital Lending Partners
Please find the link below of Our Digital Lending Partners below:
https://www.adityabirlacapital.com/campaign/lending-partner